A quiet day is in prospect, especially with no guide from the US – closed on Thursday for Thanksgiving Day – to guide the markets.
Results from water utility Pennon Group (LON:PNN) are never exciting at the best of times, with the main focus on its self-proclaimed “sector-leading dividend policy of 4% year-on-year growth above RPI inflation”.
Its pre-close statement in September was reasonably upbeat, with the group claiming to be well-positioned for the future at subsidiary Viridor's Energy Recovery Facilities come on stream.
Patisserie Holdings (LON:CAKE), which only listed in May 2014, is one of those new fangled companies with a ticker-symbol – CAKE – that is more representative of its business than its name.
Full-year results are expected to see the café chain reveal a healthy increase in pre-tax profits of around £14.45mln from £10.41mln the year before, if the two brokers covering the stock are any judge.
Revenue is seen rising to £96.4mln from £76.6mln, and, as previously announced, the company plans to announce a maiden dividend, which brokers expect to be in the region of 3.15p.
Significant announcements expected
Final: Patisserie Holdings (LON:CAKE), Future (LON:FUTR)
Interim: Pennon Group (LON:PNN), Real Estate Credit Investments Ltd (LON:RECI)
Economic: UK – Consumer confidence, GDP, index of services; Eurozone – Economic sentiment indicator, business climate indicator